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Nokia beats market expectations, sees network market improving

collected by :Roy Mark

In full-year 2016, the networks margin was 8.9 percent, and for this year Nokia expects a margin of between 8 to 10 percent.
Nokia said that while it expected the global networks market to fall around 2 percent this year, it saw opportunities in markets such as North America, India and Japan.
Last month, Nokia’s name returned to the smartphone market as HMD Global – a new company ran by former Nokia executives – launched new Nokia handsets under a licensing deal.
“Worries about Nokia’s profitability are easing a little.”
HELSINKI Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize.

referring to

Nokia beats market expectations, sees network market improving

In full-year 2016, the networks margin was 8.9 percent, and for this year Nokia expects a margin of between 8 to 10 percent.
Nokia said that while it expected the global networks market to fall around 2 percent this year, it saw opportunities in markets such as North America, India and Japan.
Last month, Nokia’s name returned to the smartphone market as HMD Global – a new company ran by former Nokia executives – launched new Nokia handsets under a licensing deal.
“Worries about Nokia’s profitability are easing a little.”
HELSINKI Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize.
Nokia beats market expectations, sees network market improving

referring to

Nokia beats 4Q profit forecasts

 

ESPOO, Finland (AP) _ Nokia Corp. (NOK) on Thursday reported fourth-quarter earnings of $682.8 million.
The Espoo, Finland-based company said it had profit of 12 cents per share.
For the year, the company reported a loss of $847.9 million, or 14 cents per share, swinging to a loss in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The technology company posted revenue of $7.16 billion in the period, missing Street forecasts.

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